12 Who is the richest in Uganda 2021? The White House is a reflection of the White House in the US. The success of the trading venture allowed Kiggundu to invest in the real estate sector, buying and selling land and properties. He has gone on to use his success to benefit those in his community, making projects such as these a reality in Uganda. Kiggundu is the CEO of the Ham Group of Companies, and the author of Success and Failure Based on Reason and Reality and Reason as the World Masterpiece. Hamis has invested in real estate, agro-processing, education, and technology among others. [25][26], In April 2020 through Ham Foundation, Ham donated food relief to Uganda's COVID-19 task force. Kiggundus donations have made a huge difference in helping to protect and aid Uganda citizens both during the COVID-19 pandemic and beyond, and for that he deserves immense praise. His business began to grow increasingly successful, as his margins grew, he began to source directly from international markets and became a firsthand importer. By the time he was 28, Kiggundu had obtained a prestigious legal qualification, earned the respect of the community, taken on a leadership role in Masaka and become a role model for other young people. His faith and values bring a peaceful presence to his life, and set him up for a lofty end. Wanna follow Hamis Kiggundu's net worth? He is also estimated to have an annual income of 100 million US Dollars by 2021 which is his highest annual earning. His initiative to urge others to join him in this mission of goodwill is also a major positive, as his selfless act of charity has had a ripple effect across the country. Why did you choose to trade in those specific items at the time? He is a 34-year-old billionaire who directly employs more than 1,200 people. To further his education, Kiggundu joined Kabojja International School in Kampala District and then went on to earn a Bachelors of Law from Makerere University before graduating with a diploma in legal practice at the Law Development Centre. Together, they worked tirelessly to restore the stadium to its former glory. He allegedly accused the bank of fraud of over 30millionUSD (ugx34.29bn) and 23.4millionUSD, under what he termed unclear debits in 10 years period. He has actively pursued a number of social and economic development initiatives in Uganda through his charity foundation the Karibu Foundation. Today, the Ham Group stands as a diversified conglomerate in logistics, transportation, energy, trading and various manufacturing enterprises. But it was really Kiggundus move into the banking sector that sealed his fortune. In life, we all desire to have a good life and to become successful men and women. [29], In November 2022, Kiggundu sued the Kabaka of Buganda and the Commissioner Land registration in the Ministry of Lands over cancellation of land titles of Kigo Land that sits on 140 acres. What are some of your top people management tips for first-time managers? Other projects include a charity organization named Ham Foundation that aims at social development. Tell us about that business. Hamis Kiggundu is constructing a White House in Entebbe, a multi-billion state of the art building. Kiggundu as well owns a commercial property in the United Kingdom located at 375 Moston Lane Manchester M40 9NB trading as Ham International UK Ltd. This project was dedicated to him in 2015, by the president of the Republic of Uganda, Yoweri Kaguta Museveni. He used to assist his father in business transactions during school holidays and this grew his confidence and experience in the business sector. I own and fully finance a charity organization operating as Ham Foundation. He alleged that the bank defrauded him over $ 30 Million ( UGX 34.29 billion and USD 23. After attending local schools in Masaka, Ham joined Kabojja International School in Kampala District for his high school education. The court also issued a permanent injunction to prevent DTB from enforcing the mortgages over Kiggundu's properties. Kiggundus story is one of hard work, determination and sheer ambition. It stands useless if it cant save peoples lives. Copyright 2023 Daily Express Uganda. [16], In 2015, President Museveni directed Kiggundu to redevelop and upgrade Nakivubo Stadium into a modern state of the art sports facility with larger capacity. If you think your bankers are your friends, then youre mistaken; those are your business partners. He allegedly accused the bank of fraud of over 30millionUSD (ugx34.29bn) and 23.4millionUSD, under what he termed "unclear debits" in 10 years period. Man is successfully born with nothing but life. There's this other side of Uganda they won't show to the world or maybe we ask the citizens, there's a business guy called Hamis Kiggundu, founder and CEO Ham group of companies, Hamis Kiggundu. Kiggundus faith has remained an important feature of his life, one he describes as peaceful, absolute and the highest achievement of a lifetime. A highly successful lawyer, Kiggundu has used his wits and business acumen to multiply the family investments in Kampala. He serves as the managing director of Mukwano Industries Uganda Limited, a Mukwano Group member firm. It comes fully equipped with its helipad and will be a regional tourist attraction. What has your experience been like in regards to raising money from banks and other financial institutions? [7][non-primary source needed], Kiggundu was born in 1984 in the Kalungu Masaka District in the Central Region of Uganda. You recently donated money to the Ugandan government to purchase 150,000 doses of COVID-19 vaccines in an effort to combat COVID-19 in Uganda. . These businessmen have made their wealth by investing in different sectors. The 2022 wealthy list released by top analysts favours those who invested in technology, real estate, health, food, logistics etc. In February 2020, Kiggundu sued Africa's Diamond Trust Bank for allegedly defrauding him for over US$30 million (UShs 34.29 billion and US$23.4 million) under what he called "unclear debits" from his bank accounts over a spread period of ten years. But it is to Hams credit that he parlayed that small financial gift from his father into a multimillion-dollar conglomerate that directly and indirectly employs more than 5,000 people in the country today. 4.03. I can easily sell them gradually once I need financing. This is not the first time Hamis Kiggundu appears on this list of the top 10 wealthy Ugandans. Succesful Legal Battles In February 2020, Hamis Kiggundu dragged Diamond Trust Bank to court over fraud issues. [8], Kiggundu was born in 1984 in Masaka District in the Central Region of Uganda. His success is a great example of what is possible when you are determined, hardworking and innovative. Thecourt also issued a permanent injunction to prevent DTB from enforcing the mortgages over Kiggundus properties. The White House will house the headquarters for all my companies but will also serve as a tourist attraction. In 2018, Hamis Kiggundu was awarded as a way of acknowledging his book titled: Success and Failure Based on Reason and Reality. He has over 17 companies under his Ruparelia Group with interests in hospitality, real estate, finance, media, insurance, education, agriculture, labour export among others. Hamis Kiggundu has various projects in the country that include; Ham Integrated Agro-Processing Industries an Agro-Processing plant, Ham Group of Companies, Ham Shopping Ground in downtown Kampala City, Ham Towers the first shopping mall he built, Real Estate where hes constructing 500 gated luxury homes on a 200-acre piece of land, among others. In April 2021, Forbes Magazine Valued his net worth at US$870 million. 6. [64], Couldn't parse video from https://youtube.com/@HamisKiggundu. [14], He joined the Law Development Centre where he graduated with a diploma in legal practice. The outspoken young tycoon is said to be collecting not less than USD1 million a month. What started off as a small trading enterprise has grown from strength-to-strength and become the face of the multinational organisation it is today. From there, it was only natural that he would move on to bigger projects, such as real estate. After all, the stadium had not been touched since the 1960s, and it was showing its age. Banks are equally driven by a profit motive just like private companies. Kiggundu is the CEO and founder of the Ham Group of Companies, and the author of Success and Failure Based on Reason and Reality and Reason as the World Masterpiece. He also wanted to ensure that the stadium was able to handle the needs of multiple sports, so he decided to lay several courts and tracks on the main field. How are these projects coming along? While his decision to provide cash donations was controversial, Kiggundus intent was to provide a lifeline to those journalists who had been struggling during the pandemic. On Wednesday, Justice Adonyo ordered Diamond Trust Bank Uganda and Kenya to refund more than 120 Billion Shillings they illegally deducted from two accounts of Kiggundu. I embarked on the reconstruction of the stadium as corporate social responsibility for community development and equally as an example to other Ugandans and Africans that if I can pull off such a huge project with private funding, so can they. Meet Ugandan entrepreneur Hamis Kiggundu with a net worth of $870 million, making him richer than football stars Cristiano Ronaldo and Lionel Messi. He is a Ugandan entrepreneur who started off as a simple hardware shop owner in the city of Kampala. In 2015, Ugandan President Yoweri Museveni tasked Hamis Kiggundu with the ambitious project of redeveloping and upgrading the Nakivubo Stadium into a modern sports facility. Mr. Karmali is a philanthropist, businessman, industrialist, and entrepreneur. The humble beginnings of Hamid Kiggundu started as a street vendor and makeshift trader in Uganda. By profession, I am a lawyer, but today Im more of a businessman than a lawyer. The multi-million dollar facility is funded by Hamis Kiggundu himself. Before he knew it, he was selling steel, sugar and maize in addition to his hardware, and then as a commercial farmer with hundreds of acres of sugar and maize. I also own a logistics company trading as Ham International Express Logistics LLC based in Euless, Texas, with a number of trucks throughout the United States. In 1984, Hamis Kiggundu was born in the Lukerere hamlet of Masaka District, which is now Kalungu District, in Uganda's Central Region. The Book became a bestseller in Uganda and by December 2018. [32] DTB Bank later appealed the decision in the High Court and were issued an injunction halting payment of the monies. [8][9][10], Kiggundu was born and raised in a Muslim family. We also give preference to Ugandan community news and topical discussions. The Ham Group is keen to increase its position as a leader and an innovator in the industry, while ensuring that its operations are profitable and service focused. Uganda is an agro-based economy with a very good climate, fertile soils and a young energetic population that survives on imported goods that are always processed from our own agro-produce that we export as raw materials at very low cost compared to the processed imports that we usually buy expensively. Your group employs more than 7,000 people all in. [7], He is one of the wealthiest people in Uganda with an estimated net worth of US$971 Million (March 2021 Forbes). It was nominated the best book of the year in the category of "Business Motivation" at an event held by the Book Forum of Uganda in Kampala. [6] The victims all stated that as they were enduring the inhuman treatment in the During his tenure as PS/ST, Muhakanizi was always opposed to high borrowing rates and Four other officials including Minister Agnes Nandutu (Karamoja) who went into hiding since Friday Daily Express is Uganda's number one source for breaking news, National news, policy analytical stories, e-buzz, sports, and general news. Money is only one of the tools of survival. You must be able to adapt to change. Language links are at the top of the page across from the title. They also benchmark themselves against international business best practices. I chose those specific items because it was those commodities that my parents were dealing in then. His willingness to donate to the government for the purchase of vaccine doses and to call on other wealthy Ugandans to get involved has demonstrated a profound sense of commitment to the community, and proves the power of generosity in no small way. He is the editor-in-chief of Billionaires.Africa. In addition to calling on other wealthy Ugandans and corporate entities to join him in saving lives, Kiggundu also emphasised the importance of giving back to the Ugandan community during these difficult times. [27] He also donated food supplies to over 100 Ugandan journalists through the Uganda Journalists Association. Hamis Kiggundu (born February 10, 1984), commonly known as Ham, [1] [2] [3] [4] is a Ugandan businessman, investor, real estate and property developer, philanthropist, [5] author and lawyer. How old is Uganda? However, this kind of funding is currently not available in Uganda. Hamis Kiggundu is a powerful testament to the power of dreaming big and having the courage to aim for the stars. Can you tell us about your upbringing in Uganda and how your early years shaped your outlook on business? This was met with both significant excitement from the sports community and deep scepticism from the public. [56][57], Hamz Subsidiaries and platforms include: Hamz App, Hamz Pay, Hamz Wave, Hamz Chart, HamPLine, Hamz Club, Hamz E Mall, Hamz Agro and Hamz Campus . $113.476 billion (PPP, 2020 est.) Through his company, Ham Group, he owns a property portfolio in the heart of Ugandas capital, Kampala, that includes landmark shopping centers, office buildings and hotels. The firms exports operations are also noteworthy, with Ham International Express Logistics providing an efficient delivery service across Africa and Europe. Kiggundu has secured his name as a revered international business leader and made its mark in the transforming of the economies of the East African Community. Drake Lubega owns Qualicel BUS TERMINAL, Totali building, Kikuubo buildings, buildings at Nakivubo blue, and Mini Price buildings among others in Downtown Kampala. The companys aim is to continue to serve its customers and communities while promoting national development. Ham Enterprises also has a property portfolio in the United States and UK. I was born to Mr. Segawa Haruna and Mrs. Nakayiza Jalia on Feb. 10, 1984, and was raised in the small village of Kalungu, Uganda, which is in East Africa. The investment were making there is gradual and at a controlled pace, yet in the long run, we envisage huge returns on the investment. [35] The court additionally ordered the bank to unconditionally release/discharge all mortgages allegedly created over all Kiggundu's properties and all corporate and personal guarantees issued by Kiggundu. As my margins grew, I began to source directly from international markets and became a firsthand importer myself. He stands out as a beacon of light for the youth of Uganda, giving them hope that, with the right mindset and ambition, anyone from any background can be successful. Through this link, Kiggundu runs an online learning platform, Hamz Campus, Hamz Wave, a Video Streaming App, and Hamz Line a social media platform. John Sebalamu is a multiple property owner in Uganda credited with starting the culture of the now mushrooming shopping arcades in the heart of Kampala. It will house the headquarters for all his companies. [52][53], Kiggundu as of January 2023 commenced opening the Ham Agro Bank, a farmers Bank to complement Ham Agro Processing industries by accommodating for agrarian needs with Agro produce as the core instrument of trade, offering loans to farmers in form of Farming desires; for example: Machines, seeds, Services, pesticides among others. He has made large investments as a business mogul and investor in Uganda in industries like manufacturing, transportation, and real estate. The last two years have disrupted many things including the wealth of the rich class. [12], He attended his elementary education in Masaka, joined Kabojja International School in Kampala District for his high school education,[13][14][11] and later graduated from Makerere University with a Bachelors of Laws. [23] [24], Kiggundu established a charity and philanthropic arm of his group of companies through which he works together with the government and several well-wishers to create a positive and transformative change in the lives of people and communities where he operates performing a series of charitable causes; Greater Masaka Clerics, In March 2020, Kiggundu through his Ham Foundation gifted over 200 bicycles, Qurans, and prayer mats to Muslim clerics in the Greater Masaka Region of Uganda. You are building some ambitious real estate projects like the Ham Palms Villas, where you are building 500 gated luxury homes set on 200 acres; the stadium which you are practically rebuilding, and other projects like the replica of the White House. List of Ugandans by Net Worth - EverybodyWiki Bios & Wiki List of Ugandans by Net Worth navigation search The per capita income in Uganda in 1999 was approximately US$650 annually. [25] DTB Bank later appealed the decision in the High Court and were issued an injunction halting payment of the monies. Through his company, Ham Group, he owns a property portfolio in the heart of Uganda's capital, Kampala, that includes landmark shopping centers, office buildings and hotels. In my opinion, banks are a good source of start-up and expansion capital but never for long-term sustainable progress. Net worth: US$ 520,000,000 (Dec 2019 Estimate)-Assets, Income & Taxes: Parent(s) . His drive and enthusiasm would quickly thrust the enterprise into a new era and become the vision of the organisation. [15], In 2015, President Museveni asked Kiggundu to redevelop and upgrade Nakivubo Stadium into a modern sports facility. He is also constructing a replica of the White House in Kampala, which upon completion will serve as the headquarters for some of the newer businesses he is developing an agro-processing company and a string of Web and mobile tech startups. Ham Enterprises is certainly the most visible division with its wide array of commercial properties evident throughout Kampalas Central Business District. I had some challenges like any other entrepreneur, but as a personal principle, I choose not to reflect on the past challenges. [28], In July 2021, Kiggundu donated to the Uganda Government a total of USh530million to help in the purchase COVID-19 vaccine doses for Ugandans and additionally called upon other able Ugandans and corporate entities to join him in saving lives as a way of giving back to the Ugandan Community. With its focus on customer service, profitability and sustainability, The Ham Group is set to remain an important force in Uganda and internationally for years to come. As an author, Kiggundu has written two books, Success and Failure Based on Reason and Reality and Reason as the World Masterpiece, which serve as a guide for entrepreneurs who wish to follow in his footsteps. He has written motivational books: Success and Failure Based on Reality and Reason as the World masterpiece. [25], In October 2020, Kiggundu won the case and the Ugandan High Court ordered Diamond Trust Bank to refund all the unlawfully withdrawn monies totalling to USh34.29billion and US$23.4million,[26][27] with an additional 8% interest for legal costs. His net worth was about $1.2 billion as of 2019. The president wanted to see a modern sports facility of the times. In your 2018 book, Success and Failure Based on Reason and Reality, you argue that Ugandas educational system is outdated and does not necessarily equip students with the practical tools needed to succeed in life. Meet Ugandan entrepreneur Hamis Kiggundu with a net worth of $870 million, making him richer than football stars Cristiano Ronaldo and Lionel Messi. 3,500. Mohammed Hamid is one of the youngest people in Uganda to be worth millions of dollars, and he is thought to be one of the richest people in the world. KAMPALA - When Ugandan businessman Hamis Kiggundu, started his first business years ago, he could not have imagined that he would ascend to become one of the most successful business moguls in Africa, let alone Uganda. [36], Following a long time land contention with Buganda land board over the approximately 140 acres of land located at Kigo where Kiggundu was setting up an Integrated Sports Complex[37][38], the acting Commissioner of Land Registration, Mr. Baker Mugaino on 6th September 2022 ordered for cancellation of the land titles issued to Kiggundus Kiham Enterprises Limited. After months of hard work and dedication, the stadium is now home to one of the most modern sports complexes in Uganda. I invested in the West because business is all about taking risks with courage and determination to move into unfamiliar new economic zones all on a balance of probabilities. However, in Uganda and most African countries, interest rates stand at as high as 25-30 percent. The road to wealth for Kiggundu is quite an interesting one. In your opinion, how can African governments redesign the education system to combat financial illiteracy and prepare students for successful wealth-building, accumulation and stewardship? . Hamis Kiggundu , commonly known as Ham, author and lawyer. But according to Kiggundu, his accusers are thieves who are using the Kabaka name to steal from ordinary men and women. [1] [2] According to Forbes, he has a net worth of $900 million. Hamis Kiggundu, the Company's founder and C.E.O, is the majority shareholder in the company. After building an empire of real estate projects and having a company with numerous projects, Hamid Kiggundus success story is one that entrepreneurs and business leaders look to for an example and motivation. Mr John owns several properties in Kampala, including Freedom City Mall, which cost him US $1 million, Capital House, Naiga Chambers, and several other prominent properties. Kiggundu began small locally dealing in merchandise from first-hand importers abroad, and selling them at a profit. Nabukeera owns Kisekka Auto center plaza, Victor plaza in Kikuubo, Nana arcade in Nabugabo among others. [11], He attended his elementary education in Masaka, joined Kabojja International School in Kampala District for his high school education,[12][13][10] and later graduated from Makerere University with a Bachelors of Laws. On its grand opening, the Nakivubo Stadium was filled with the shouts of excited fans. This project was a success, and Kiggundu opened Ham Shopping Mall 18 months later in 2010. He talks about Islam as "the highest achievement of a lifetime" and that he would not choose another religion. It is one of the largest conglomerates in West Africa with operations in England [2] and the United States. During the period I was to attend high school, my family relocated to Kampala, the capital of Uganda, and from there, I went to Kabojja Secondary School. [54], Kiggundu made the administration block for his Agro processing industries an exact replica of the US President's Office which he named The White House Uganda as an illustration of possibilities in his bid to attract future tourists, both local and international to boost Uganda's tourism industry and pioneer national growth and prosperity as well as encouraging fellow Africans to transform their motherland into a dreamland. Kiggundu drew from his fathers background in textiles and experience, as he slowly accumulated capital to grow the trading venture. The road to wealth for Kiggundu is quite an interesting one. But perhaps his most important project at the moment is the reconstruction of the Nakivubo War Memorial Stadium. His life story demonstrates the power of education and hard work, as well as the influence of accurate guidance from parents. Kiggundu is the CEO of the Ham Group of Companies, and the author of Success and Failure Based on Reason and Reality and Reason as the World Masterpiece. As their businesses thrive, their net wealth will continue to increase. The portal also publishes community news and topical discussions. [16][17][18], In April 2020 Kiggundu donated food relief to Uganda's COVID-19 task force. With time, I have mastered the art of growing my operational capital internally thus outgrowing the need for exploitative financing from banks for now. Managers must have emotional intelligence and stamina. His story is one of strength, perseverance and a commitment to personal values, and his life is an example for all that success is achievable through determination and dedication. With the right attitude, and enough focus, anyone can achieve great success, just like Hamis Kiggundu. Sudhir has maintained his Forbes net worth of USD 1.2 billion. [1] Background [ edit] It was established in 2009 as a private company by owned Hamis Kiggundu also having Majority of the Shares. Ham Group of Companies [1] is a Ugandan Multinational corporation privately owned conglomerate, founded by Hamis Kiggundu who is the majority share holder in each of the companies in the group. Muwonge makes all the money and takes it all. Kiggundu was born into privilege and he admits that much. News on our desk shows that the tycoon who was born in a family of 6 and . Hamis Kiggundu commonly known as Ham,[2][3][4][5] born February 10, 1984 in Masaka, is a Ugandan based international businessman, investor, real estate and property developer, philanthropist,[6] author and lawyer. Located just opposite Makerere University, it is an A-class shopping, accommodation and leisure center with offices, restaurants, supermarkets and a serviced apartment. A poor society can only pull one downwards, never upwards. [60], In a bid to transform Uganda and discourage nationals from leaving their motherland in search of a better life, he decided to create what he called Ugandans' desire right at home by setting up Ham Palm Villas, a gated community 500 homes, Villas and Apartments with all required amenities that include: health and shopping facilities, international school , multi-sports complex, among others. Muwonge is an allusive billionaire who is rarely seen in public. All in all, Kiggundu ended up putting in twice as much effort as he initially anticipated, but the results were worth it. In March 2020, Kiggundu was featured prominently boldly and clearly in Ugandan media for his court battle against Diamond Trust Bank. April 26, 2020 0 682 Less than a minute Hamis Kiggundu aka Ham's residence is not in danger despite raising Lake Victoria water levels. Why Does Zinc Make Me Nauseous? The companies are Ham Enterprises and Kiggs International Uganda Limited. [39][40], Kiggundu through his lawyers objected his land tittles' cancellation thereby appealing in court against the commissioner's decision citing subversion of the due process of law by hijacking the public hearing, among others[41]. She is said to be the pillar on which her relatives including John Sebalamu, John Bosco Muwonge and Haruna Segawa, built their wealth. [19], In June 2017, construction works kick-started and the stadium took shape. I have always admired the white house as a young man and based on reason, why go to America as a tourist to visit the white house when I hold the means to build a lookalike here at home. Through his company, Ham Group, he owns a property portfolio in the heart of Uganda's capital, Kampala, that includes landmark shopping centers, office buildings and hotels. Sudhir Ruparelia has sat on top of Ugandas rich list for a long time. Born in 1984 and raised in a Muslim family. He also founded the Crane Group of Companies which includes Crane Bank, Crane Forex Bureau, Crane Management Services, and many other companies across sectors such as banking, energy, media, and hospitality, among others. At just 37, with a forbes net worth of $870 million; Kiggindu famously known as Ham in his home country, owns a number of . With the combined rental income from these two properties, Kiggundu was able to secure more financing from banks for other projects. In my view, one can only reasonably benefit from banks if they hold relatively equal or reasonable bargaining positions to negotiate fair interest rates and fair trading terms. A former Forbes Magazine contributor covering African wealth and entrepreneurship, Mfonobong conceptualized, initiated, and managed for a decade the Forbes annual ranking of Africas richest people. Hirji is the fifth richest person in Uganda with an estimated net worth of almost $800 million. Apart from his business acumen, Kiggundu is also a renowned philanthropist and has dedicated a significant part of his life to helping and uplifting the lives of those in his motherland. 10 What is the net worth of Hamis Kiggundu? There are many positives to be taken away from his story, and hopefully it will be an inspiration for others to learn from and achieve something similar. In 1.5 years, I made progress and managed to erect my next property Ham Shopping Mall. Throughout the course of the project, Kiggundu managed to add a new athletics track, basketball court, and seven artificial turf pitches. Hamis Kiggundu has a net worth of over 980 million US dollars which are accounted by his company Ham Group in which he owns over 90 % of the company. [32] His determination to save lives in such a compassionate and generous manner is really something to be admired. 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